Brokers Set Expectations for Stantec Inc.’s Q3 2017 Earnings (STN)
Stantec Inc. (TSE:STN) (NYSE:STN) – Analysts at Desjardins decreased their Q3 2017 earnings per share (EPS) estimates for shares of Stantec in a research report issued on Thursday. Desjardins analyst B. Poirier now forecasts that the company will earn $0.54 per share for the quarter, down from their prior estimate of $0.60. Desjardins has a “Buy” rating and a $39.00 price objective on the stock. Desjardins also issued estimates for Stantec’s FY2017 earnings at $1.97 EPS.
A number of other analysts have also recently issued reports on STN. TD Securities upped their target price on Stantec from C$36.00 to C$38.00 and gave the company a “hold” rating in a research report on Thursday. CIBC upped their target price on Stantec from C$36.00 to C$37.00 in a research report on Thursday. Scotiabank set a C$40.00 target price on Stantec and gave the company an “outperform” rating in a research report on Thursday. Raymond James Financial, Inc. decreased their target price on Stantec from C$39.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, May 12th. Finally, Royal Bank Of Canada decreased their target price on Stantec from C$36.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Friday, May 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$36.13.
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Stantec (TSE:STN) opened at 33.75 on Friday. The stock has a 50 day moving average price of $32.24 and a 200 day moving average price of $33.51. The stock has a market capitalization of $3.86 billion and a PE ratio of 90.24. Stantec has a 52 week low of $28.74 and a 52 week high of $36.85.
In other Stantec news, Director Carl Frank Clayton sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of C$31.30, for a total transaction of C$313,000.00. Also, Director Valentino Dimanno acquired 2,500 shares of Stantec stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of C$31.55 per share, with a total value of C$78,875.00. Over the last ninety days, insiders have acquired 4,393 shares of company stock valued at $139,371 and have sold 16,916 shares valued at $533,825.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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